Are there any tax credits for first time buyers?
An opportunity like this does not come around too often. With the recent signing of a major housing stimulus bill, it's now a great time to close on your first home. On July 30, 2008, the Housing and Economic Recovery Act of 2008* was passed, which includes a new, temporary tax credit as an incentive for first-time homebuyers. With this bill, first-time homebuyers may qualify for a tax credit of up to $7,500* for the purchase of a principal residence.
To obtain a better understanding of this opportunity, the CENTURY 21 team has compiled the following information:
Before you decide to use the first-time homebuyer tax credit, please remember to consult with a tax professional.
Contact a CENTURY 21 Sales Professional today and get on the path to your first home.
*Housing and Economic Recovery Act of 2008. Consult a tax professional for details. Credit expires June 30, 2009.
Is it hard to sell my home?
Selling your home can be challenging and emotional, but it doesn’t have to be traumatic. With a little planning ahead and the help of a real estate agent, the whole process can be rather painless. This collection of home selling advice will help get you off on the right foot.
And our CENTURY 21 Agents are ready to help you make an informed decision to get you on your path home. Download our Consumer Confidence brochure to gain a better understanding of what to expect in the home buying process. For your convenience, helpful resources are also included in this brochure.
You will learn:
Why is Real Estate Still One of the Best Investments You Can Make?
Is Now the Right Time For Your New Home Purchase?
How Much House Can You Afford?
What is Right For You?
Would you like to receive more information regarding the home selling process? Contact us at 903-297-3077
I have thought about selling my home? How much could I get for it?
If you have thought about selling your home or you are just curious about how much your house is worth? Get started now by contacting a CENTURY 21 Agent today.
Why?
Only a professional can help you build a comprehensive analysis of your individual circumstances. Let a CENTURY 21 Agent show you the way. Call us at 903-297-3077.
What is a listing agreement?
About listing agreements
The common top three listing agreement choices are:
1) Open Listing
2) Exclusive Agency Listing
3) Exclusive Right-to-Sell Listing
The best choice for you will depend on your willingness and ability to tackle some of the home selling duties and the local real estate market climate.
Open Listing
An open listing lets an owner sell her home by herself. It is a non-exclusive agreement, meaning the owner may execute open listings with more than one real estate broker and pay only the broker who brings an able buyer whose offer the owner accepts.
Exclusive Agency Listing
An exclusive agency listing is similar to an open listing except the major difference is the agent will represent the owner. The owner still reserves the right to sell the property herself and not pay a commission. The broker is free to cooperate with another brokerage, meaning the second brokerage could bring an able buyer whose offer the owner accepts. Typically, the broker is paid a listing commission that is shared with the selling broker, so the owner pays both fees.
Exclusive Right-to-Sell Listing
An exclusive right-to-sell listing is the most commonly utilized instrument. It gives the broker the exclusive right to earn a commission by representing the owner and bringing a buyer, either through another brokerage or directly. The owner pays both the listing and selling broker fees. The owner cannot sell the property herself without paying a commission, unless an exception is noted in the contract.